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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011455340
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Macroeconomic volatilities and the labor market : first results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2010
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …
Persistent link: https://www.econbiz.de/10003961662
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The German labor market during the Great Recession : shocks and institutions
Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian - 2018
institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …
Persistent link: https://www.econbiz.de/10011916540
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Wage cyclicalities and labor market dynamics at the establishment level : theory and evidence
Merkl, Christian; Stüber, Heiko - 2017
Using the new AWFP dataset that covers all German establishments, we document a substantial cross-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are procyclical, there is a large fraction of establishments with...
Persistent link: https://www.econbiz.de/10011735900
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Extensive vs. intensive margin in Germany and the United States : any differences?
Merkl, Christian; Wesselbaum, Dennis - 2010
This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older US studies and confirm the view that the extensive margin (i.e., the adjustment in the number...
Persistent link: https://www.econbiz.de/10008806578
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Does short-time work save jobs? : a business cycle analysis
Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013
counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important …
Persistent link: https://www.econbiz.de/10009763124
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Some surprising facts about working time accounts and the business cycle
Balleer, Almut; Gehrke, Britta; Merkl, Christian - 2015
the key driver of the unusually small increase in German unemployment in the Great Recession. …
Persistent link: https://www.econbiz.de/10010488821